Altcoin 08/18/2019 by dobobs

The press release claimed that the Bitcoin creator’s identity would be revealed on two websites – www.SatoshiNRH.com and www.ivymclemore.com. However, soon after the scheduled time ‘, this’ Satoshi’s website went down.

ETH price recovered recently and managed to climb above the $190 resistance against the US Dollar.The price is now trading nicely above the $190 and $192 resistance levels.There is a connecting bullish trend line forming with support near $188 on the hourly chart of ETH/USD (data feed via Kraken).The pair is likely to continue higher, but the $202 resistance is likely to cap the upside

To increase the fault tolerance of the digital ecosystem we need new assets like AMPL that are designed to be neither correlated with traditional assets nor Bitcoin. One need only look at the June 2018 flash crash that wiped out $15 billion in value.

Martin Young, writing for NewsBTC noted, “In an opposite correlation to last year, all cryptos are tied together so when the big one falls they all do, but harder.” If we zoom out further, this graph shows many altcoins increasingly correlating to Bitcoin over the past 5 years.

After yesterday’s correction, BTC is today up nearly 2%, bringing it to $10,393 by press time. Among the remaining top ten coins several alts are seeing solid upward momentum: Litecoin (LTC) is up 6.5% on the day, EOS (EOS) is up 6% and Bitcoin Cash (BCH) is up 5.7%.Widening out to the top twenty, alts are performing strongly across the board. Cardano (ADA), Unus Sed Leo (LEO) and Tron (TRX) are all up between 7-9% over the past 24 hours.Chainlink (LINK) is seeing a close to 7% gain on the day, with Stellar (XLM) up close to 5.6%.Dash (DASH), Tezos (XTZ), NEO (NEO) and IOTA (MIOTA) are all posting gains of 3.5-5%.

A crypto trading and payments ecosystem, Bakkt is a subsidiary of Intercontinental Exchange, the owner of the New York Stock Exchange. Bakkt hopes to quicken the pace of institutional bitcoin adoption. Its custody pitch for best of class offering comes in its securing of $125 million of insurance protection for its bitcoin “warehousing” custody arrangements.

Things seem to be looking up in the crypto space today, especially in Ripple’s (XRP) and Ethereum’s (ETH) market. As top cryptocurrencies by market cap, ETH and XRP have surged significantly in price, which is quite impressive considering their downtrend some days ago.

As detailed heavily by NewsBTC, Bitcoin hasn’t had the best of weeks. At one point, back when Bitcoin found itself in and around $9,500, price trackers suggested that the cryptocurrency had shed 20% in a matter of seven days.But the pain might just get worse. Timothy Peterson, an industry fund manager and cryptocurrency analyst, recently published the below model on Twitter that relates the premium of Grayscale’s Bitcoin Trust shares (GBTC) to the value of BTC.

The company Satoshi Nakamoto Renaissance (SNR) Holdings is promising Satoshi will “break his silence” and take the first step toward proving his identity today. According to a press release,

“After a decade of anonymity, Satoshi Nakamoto will break his silence in Part I of his ‘My Reveal’ Sunday, August 18th, at 4:00 p.m. EDT…

In addition to his real-life identity, Nakamoto will use ‘My Reveal’ to divulge such facts as his country of origin, education, professional background, and why he has yet to move any of his 980,000 Bitcoins.”

One of the few ways the real Satoshi could prove his or her identity is to move bitcoins out of one of the very first and oldest blocks on the ledger.